What is source in SAP LOD-ESO - Sourcing OnDemand?

SAP Term: source

• Component: LOD-ESO

• Component Name: Sourcing OnDemand

• Description: To find one or more suppliers by requesting information and then selecting suppliers based on criteria such as price, delivery time, quantity, and quality.

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• Key Concepts: 
  Source is a term used in SAP LOD-ESO Sourcing OnDemand to refer to the origin of a product or service. It is used to identify the supplier, vendor, or other entity that provides the product or service. Source can also refer to the location from which the product or service is obtained. 
  
  How to use it: 
  In SAP LOD-ESO Sourcing OnDemand, source is used to identify the supplier, vendor, or other entity that provides the product or service. This information is used to create a sourcing event and to track the progress of the sourcing process. The source can also be used to determine the cost of the product or service and to ensure that it meets quality standards. 
  
  Tips & Tricks: 
  When creating a sourcing event in SAP LOD-ESO Sourcing OnDemand, it is important to ensure that the source is accurate and up-to-date. This will help ensure that the product or service meets quality standards and that it is obtained at a competitive price. 
  
  Related Information: 
  SAP LOD-ESO Sourcing OnDemand is part of SAP's suite of enterprise resource planning (ERP) solutions. It helps organizations manage their sourcing processes by providing tools for creating and managing sourcing events, tracking progress, and analyzing results. Other ERP solutions from SAP include SAP Business Suite, SAP Business One, and SAP S/4HANA.